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  • The global (re)insurance industry is likely to emerge relatively unscathed from the Chinese earthquake in Sichuan province, despite economic losses estimated at between $10bn and $20bn.
  • Towergate Partnership has revealed 2007 group profit of £166mn on the basis of earnings before investment, tax, depreciation and amortisation (EBITDA), which includes income from Payment Shield, Open GI, and The Broker Network.
  • Munich Re Capital Markets placed "just under 40 percent" of the $300mn Muteki cat bond, revealed by our sister publication Trading Risk last week, with investors in the European Union and Switzerland.
  • Amlin's head of underwriting Tony Holt has sold £5.77mn worth of company shares - the vast majority of his holding - in a move that may further fuel speculation over his future at the Lloyd's insurer.
  • The proposed sale of Heath Lambert's wholesale operations to Cooper Gay is coming under further pressure as executive opposition to the deal increases at the broker, The Insurance Insider can reveal.
  • A New York Federal court has dismissed fraudulent misconduct claims against Cavell USA Inc - an affiliate of Brandywine owner Randall & Quilter - and its chairman Ken Randall brought by US run-off insurers Seaton Insurance Company and Stonewall Insurance
  • An improved merger bid for Insurance Australia Group (IAG) from QBE Insurance is likely to fall short of its own "fair value" of the business, the company has indicated.
  • Recently listed legacy specialist Randall & Quilter Investment Holdings plc (R&Q) has posted "record" operating profit of £8.7mn - up 68 percent on 2006 - in its first full year results since listing on the London Stock Exchange's (LSE) AIM market in Dece
  • Florida homeowner insurer HomeWise Insurance Co has issued a $260mn Florida wind-only cat bond just weeks before the start of the North Atlantic wind season on 1 June.
  • Property losses from the Chinese earthquake in Sichuan province could reach as much as $15bn but the insurance industry is likely to emerge relatively unscathed.